Differences

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--- general:1099_create_1099_object_codes_table [2018/12/06 16:28] – emoreno
+++ general:1099_create_1099_object_codes_table [2024/02/09 14:23] (current) – emoreno
@@ Line 1: / Line 1: @@
 \\  [[finance:tables:1099objectcodes|Finance > Tables > 1099 Object Codes]]
-In file ID C, review all object codes that were used when paying 1099 eligible vendors. You can add and/or delete object codes as needed.  Generally, 62XX accounts are included.
+In file ID C, review all of the object codes that were used when paying 1099-eligible vendors. You can add and/or delete object codes as needed.  Generally, 62XX accounts are included.
+Ensure that you are appropriately capturing any end-of-year payable transactions from the current or prior year.
+{{:general:process1099forms_1099objectcodes.jpg|Finance 1099 Object Codes Tab}}
+<WRAP box> **Note**: If the table is not populated with object codes and type payments, all transactions (regardless of object code) for each 1099-eligible vendor are extracted when the Create 1099 Work Table utility is processed. The table must be completed prior to printing the 1099 forms.
+</WRAP>
+**<color #ed1c24>Log on to the prior year file ID.</color>**
+Ensure that the prior and current year file ID object code tables have the same object codes since the amounts spent from January 1 - August 31 exist in the prior year file ID.

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